Major Itemwise Export

Last updated on 03-07-2018, 14:20

Review of Export performance of Spices during 2017-18

Indian spices exports have been able to record strident gains in volume and value. Spices exports have registered substantial growth during the last five years, registering an compound annual average growth rate of 7% in rupee terms and 5% dollar terms of value and India commands a formidable position in the World Spice Trade.

During 2017-18, a total of 10,28,060 tonnes of spices and spice products valued Rs.17929.55 crores (US$ 2781.46 Million) has been exported from the country as against 9,47,790 tonnes valued Rs. 17664.61 crores (US$ 2633.29 Million) in 2016-17 registering an increase of 8% in volume and 1% in rupee terms and 6% in dollar terms of value.

As compared to the target fixed for the period 2017-18, the total export of Spices has exceeded the target in terms of both volume and value. Compared to the target of 10,23,000 tons valued Rs.17665.10 crore (US$2636.58million) for the financial year 2017-18 the achievement is 100% in terms of volume and 101% in rupee and 105% dollar terms of value.